Banking and Economy Current Affairs Quiz - December 2014

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1. As per RBI Report, Foreign Exchange Reserves of India reached __ billion USD due to jump in foreign currency assets.?

320
330
300
350
380


2. Bharat Heavy Electricals (BHEL) got 16.96 million Euro (131 crore rupees) order for a thermal power project in __ ?

Russia
Tunisia
Turkey
Japan
China


3. Bharat Heavy Electricals Limited (BHEL) successfully commissioned a 28 MW Nyaborongo Hydro Electric Project in ____ ?

Cuba
Kenya
Syria
Rwanda
Congo


4. Cabinet Committee on Economic Affairs (CCEA) approved setting an inter-state power transmission facility in ___ with cost of Rs 1,593 crores. ?

Assam
Andhra Pradesh
Goa
Tripura
Tamil Nadu


5. E-commerce major __ acquired Gift Recommendation Platform Wishpicker with deal amount not disclosed. ?

Flipkart
Amazon
Snapdeal
E-Bay
None of These


6. Fortune Magazine’s Indian edition released annual list of Fortune 500 Indian companies. ___has been rated as country’s biggest company in terms of annual revenue ?

Indian Oil
HPCL
GAIL
BEL
BHEL


7. Government announced __ crore rupees package for the development of North-East ?

20000
28000
35000
50000
5000


8. Government approved Constitution Amendment Bill on GST (____), making way for pending indirect tax reforms by rolling out GST from April 1, 2016.?

Goods and securities tax
Grades and services tax
Grades and securities tax
Grains and services tax
Goods and services tax


9. Government approved hiking Foreign Direct Investment (FDI) cap in insurance sector from 26 percent to to ___ percent . ?

30
40
49
80
100


10. Government approved investment of 60 Crore to hike stake in Indias oldest financial institution IFCI (_____) to make it a government owned company.?

Industrial Fusion Corporation of India
Investment and Finance Corporation of India
Industrial Finance Corporation of India
Investment Fusion Corporation of India
None of These


11. Government signed a loan agreement with Asian Development Bank (ADB) for ____ and 1.8 million dollar grant for Karnataka Integrated Urban Water Management Investment Program (KIUWMIP).?

100 million USD
200 million USD
500 million USD
75 million USD
50 million USD


12. Government signed loan agreement of ____ with Asian Development Bank (ADB) for Jammu and Kashmir Urban Sector Development Investment Program (JKURSDIP) ?

100 Milion USD
60 Milion USD
150 Milion USD
200 Milion USD
160 Milion USD


13. ___ launched mobile banking facility named Bank Aap Ki Muththi Mein.?

Axis Bank
Kotak Mahindra Bank
ICICI Bank
Yes Bank
HDFC Bank


14. ___ launched first Transparent credit card in India - Coral American Express Credit Card in association with American Express.?

ICICI Bank
HDFC Bank
Yes Bank
SBI
United Bank of India


15. India has signed ____ loan with World bank's IBRD (International Bank for Reconstruction and Development) for phase two of the Eastern Dedicated Freight Corridor (EDFC) ?

$100-million
$500-million
$1000-million
$1100-million
$2000-million


16. Which of these Financial PSUs was recently renamed and 'of India' was formally appended to its name ?

RBI
CRICIL
IRDA
NABARD
SBI


17. Private Sector Bank ___ announced to acquire ING Vysya Bank for Rs. 15000 Crores.?

ICICI Bank
Kotak Mahindra Bank
HDFC Bank
YES Bank
Axis Bank


18. RBI enhanced the maximum balance that can be made available in a prepaid instrument (PPI) from Rs.50,000 to Rs.___ ?

2 lakh
1 lakh
1.5 lakh
2.5 lakh
5 lakh


19. RBI extended deadline for exchanging pre-2005 notes till ____. ?

31 March 2015
31 August 2015
31 December 2015
30 April 2015
30 June 2015


20. RBI increased RTGS (___) hours from 7.30 hours to 12 to make business hours for RTGS settlements will be 8 am to 8 pm on weekdays as against the earlier 9 am to 4.30 pm ?

Real time gross settlement
Real time gross services
Real time growth settlement
Real time growth services
None of These

21. RBI notified revised Foreign Direct Investment (FDI) policy in Railways Infrastructure and Defence sectors. As per the revised norms, foreign investment ceiling in defence was increased to 49 % and ___% in rail infrastructure. ?

100
75
80
90
60


22. Reserve Bank of India imposed penalty on ICICI bank (INR 50 Lakh) and Bank of Baroda (25 Lakh) for violation of instructions on Know Your Customer (KYC) and AML (__). ?

Alleged Money Laundering
Anti Mutual Laundering
Alleged Mutual Laundering
Acclaimed Money Laundering
Anti Money Laundering


23. ____launched two indices namely Monthly Composite Index and Yearly Composite Index to track manufacturing and services activities for determining contraction and expansion in the Indian economy. It is first time an Indian bank has launched a forward-looking economic index. Earlier, markets depended on HSBC India Purchasing Managers Index (PMI) to determine the economic trends.?

ICICI Bank
HDFC Bank
Yes Bank
State Bank of India
RBI


24. __ acquired 540 MW thermal power plant in Maharashtra for 3000 crores from promoters of IRB Infrastructure. ?

Adani Power
Tata Power
Reliance Power
NTPC
None of These


25. US government approved annual defence budget National Defence Authorisation Act (NDAA) for fiscal year 2015 for overall defence spending of 578 billion US dollars and also release of Coalition Support Fund (CSF) of 1 billion USD to __. ?

Afghanistan
North Korea
Pakistan
Bangladesh
India


26. Union Finance Ministry approved retaining ___ percent interest rate on Provident Fund (PF) deposits for year 2014-2015. ?

8.75
8.50
9
9.75
9.5


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